Platinum needs to breach the moving average – Analysis – 10-7-2020
Economies.com
2020-07-10 08:18AM UTC
Platinum price ended its recent bullish rally by recording 860.00 level, to settle below the moving average 55 that formed an obstacle against the bullish attempts, thus, the price needs to surpass this barrier to confirm the preparation to record the main targets, located around 915.00 followed by 980.00.
We remind you that attempting to decline below 800.00 will postpone the bullish attack and force the price to suffer some losses by attempting to test the key support at 760.00.
The expected trading range for today is between 820.00 and 900.00
The expected trend for today: Bullish
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